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One of the major factors affecting the financial landscape for younger generations is the exorbitant cost of housing. In 2022, when the average Millennial turned 33, the median home price in the United States hit $433,000, while the median household income stood at only $70,000. Simple calculations reveal that if one allocated their entire income toward purchasing a home, it would require approximately 6.11 years of wages to buy a house outright.